American Automobile Glut? Unsold Cars Are Piling Up

Posted by Businessweek

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Some 3.27 million new cars are now sitting on lots across the U.S., more than there have been in almost five years, according to Automotive News. A year ago at this time, by contrast, there were 2.7 million vehicles lying in wait across the country; summer 2011 saw an inventory of about 1 million fewer cars.

But there are a few, very real reasons for car executives to be confident….

….read why HERE

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